CapEx News - Jun 2023

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1,000 MW of renewable energy and 2,000 MW of pumped storage projects to come up in Odisha
Power Generation - Jun 26,2023
State-owned NHPC Ltd. has signed an agreement with GRIDCO Ltd. to create 1,000 MW of renewable energy and 2,000 MW of pumped storage projects in Odisha. The agreement includes the establishment of gro .

SAIL opens Rs 149 crore beneficiation plant in Chhattisgarh: Details inside
Metallurgical Industries - Jun 26,2023
Union Steel Minister Jyotiraditya M. Scindia inaugurated a Rs 149 crore beneficiation project by SAIL (Steel Authority of India Ltd.) in Kanker, Chhattisgarh. The SAIL Silica Reduction Plant, located .

Popular solar brand to invest Rs 5,000 crore to increase manufacturing capacity
Power Generation - Jun 26,2023
Gujarat-based Goldi Solar is investing over Rs 5,000 crore to expand its module manufacturing capacity from 2.5 GW to 6 GW. The investment will focus on auxiliary production, such as aluminium frames .

Assam Cabinet approves Rs 823 crore investment in Numaligarh Refinery
Petroleum - Jun 26,2023
The Assam cabinet has approved an investment of Rs 823 crore for the expansion project of Numaligarh Refinery Ltd. The project, costing Rs 28,026 crore in total, will increase the refinery's capa .

Rs 20,000 crore renewable energy project to come up in Nagpur
Automotive Industries - Jun 26,2023
The Maharashtra government and Renew Power Ltd have signed a Memorandum of Understanding (MoU) to establish a Rs 20,000 crore renewable energy project in Nagpur. The project will cover 500 acres and c .

Government approves $2.7 bn semiconductor packaging plant in Gujarat
Manufacturing - Jun 23,2023
Micron Technology has received approval from the Indian cabinet to invest $2.7 billion in a semiconductor testing and packaging facility in Gujarat. The government will provide production-linked ince .

Goa plans to begin four-laning of NH 748 from Anmod to Panaji
Infrastructure - Jun 23,2023
The four-laning of national highways in Goa, from Patradevi to Bambolim, is expected to be completed by October this year, with the final stretch at Tuem under construction. Following this, the state .

MoRTH floats tender for upgradation works on NH-227B
Infrastructure - Jun 23,2023
The Ministry of Road Transport & Highways (MoRTH) has issued a request for proposals (RFP) for the NH-227-B (84 Kosi Parikrama Marg) Package-II project in Uttar Pradesh. The project involves the rehab .